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Replying to Avatar MattA

🚨 This might be the craziest story of the week, and it’s getting almost no press.

TL;DR:

The FBI infiltrated the cloud storage of a massive Chinese/Cambodian “pig butchering” scam ring and seized $16 billion worth of Bitcoin… now the largest government crypto seizure in history.

That Bitcoin will likely become part of the U.S. government’s growing Bitcoin reserve, which just increased by 64% overnight, reaching roughly 3.5% of the value of the gold held at Fort Knox.

The U.S. government now holds more Bitcoin than any single entity except Michael Saylor’s MicroStrategy. And under the President’s March 6 Executive Order, the DOJ no longer sells seized Bitcoin it holds it.

This latest move effectively transfers billions in Bitcoin from a Chinese criminal operation to U.S. ownership.

https://x.com/glxyresearch/status/1979541812248277337?s=46&t=SbsQKsaP2wu-m92W3ZBQNQ s=46&t=SbsQKsaP2wu-m92W3ZBQNQ

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Little Spoon 2mo ago

Yeah. When you put it like that…

It’s crazy hope much bitcoin they had… crazy it was taken.

Wonder who all is really pissed.

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